St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1887-03-17
RAILROAD MATTERS.
st. Johnsbury and Lake ChampIain Re-
KivAd.


The following circular has been is
sued from the presidents office of the
st. Johnsbury & Lake Champlain rail-
road company:
ST. JOHNsBURY, March IL, 1887.
Notice is hereby given that the st.
JOhnsbury & Lake Champlain railroad
company has this day assumed the
operation of its road, and has received
the control of the same from the Boston
g. Lowell railroad corporation.
The following appointments are
made taking effect this day: w. A.
StOwell, Sec'y and Treasurer, of St.
JOhnsbury; c. E. A. Bartlett, Cashier /;
H. N. Turner, Gen'l Freight Agent /;
Geo. w. StOrer, Gen'l Pass'r Agent /;
b. F. Kendrick, Auditor, all of Boston.
All accounts for business Of this road
to date of March L, 1887, will be set
tied by the abOve-named officials.
Pending the appointment of SUI
perintendent the duties pertaining to
that office will be performed by the
undersigned until further notice.
C.. S. MELLEN, President.
The above announcement adds an
other to the many railroad sensations
of the week. When the New Hamp-
shire courts pronounced the Northern
leases of the b. & l.. invalid the ques-
ton arose what will become of the
Northern Vermont division and now
the question is, what does this last
step mean Where the public is not
taken into the confidence of the rail-
road magnates one mans opinion is
about as good as another. Certain
facts are known, however, that shed
some light Oh the matter.
The Lake road was leased in 1885,
one of the provisions of the lease being
that the road could be bought or the
lease thrown up under certain pre-
scribed conditions within three years.
The lease, though contracted by the
Lowell road was made out to the Bos
ton, Concord & Montreal, which, in
turn, was leased with all its cOnnec-
tiOns, including of course the Lake
road, to the B. & l.. Now that the
courts have declared the Northern
leases invalid, and the leases given by
the B. G. & M. involve exactly the
same question, the Lake road lease goes
with all the rest. Meanwhile the BOs-
ton & Lowell has bought the stock in
the Lake road and the management
must practically remain in their hands
no matter by what particular name the
road may be called. The Fairbankses
interests in the road for Boston &
Lowell stock some months ago, and
SO far as known no person here can be
effected by the change only as it may
effect all the community, and the stock
holders of the B. & l.. road.
There will be a meeting of the direc-
tors of the St. JOhnsbury & Lake
Champlain road here next week Thurs
day, when probably some light will
be shed on recent events.
The pay car on the Vermont division
of the B. 81 l.. road came along Tues
day. The engineer on the train be-
lOnged to the southern division of the
i. & l.. the locomotive belonged to
the northern division the conductor
was from the White Mountain division
and Massachusetts Central paymas-
ter disbursed the cash. This might
properly be called mixed train. The
boys down in the B. & l.. Office are in
a quandary as to which road they are
at work for.
Boston & Lowell stock has been as
high as 1903 the past week and as low
AS l53 holding pretty firmly at 100 and
over most of the time. At one time
I72 was bid and Us asked. The
break came on the announcement that
the New Hampshire supreme court had
given Il decision annnlling the lease of
the Northern road to the Boston & |
Lowell, when it dropped to 1873 but
soon recovered to 163. The Boston
Herald says: "1'he rise is easily ex-
planned. Committees representing |
both roads have agreed upon condi-
tiOnal terms for the leasing of the BOs-
ton & Lowell to the Boston & Maine,
it is understood, for a period of 80
years, and upon basis of guaranty
which the knowing ones say will adj
vance ROstOn e. T,OwaU IN 1907